828 500, Salt Lake City, UT 84102
15BD/—BA Residential in Salt Lake City, UT 84102. 6,068 sqft. Built 1967. Listed at $1,900,000. MLS #2166310.
15BD/—BA Residential in Salt Lake City, UT 84102. 6,068 sqft. Built 1967. Listed at $1,900,000. MLS #2166310.
ACRES Commercial Real Estate is pleased to present the opportunity to acquire a well-maintained 9-unit multifamily property located in the highly sought-after Liberty Park neighborhood of Salt Lake City, Utah. Situated on a 0.19-acre parcel, the property features updated unit interiors, strong in-place occupancy, and the potential for future rental growth. This offering provides investors with an attractive combination of stable cash flow, operational stability, and value-add upside in one of Salt Lake City's most desirable and supply-constrained rental markets. With its premier location, proven performance, and the opportunity to enhance returns through continued asset management, the property represents a compelling multifamily investment.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
Subdivision
PLAT B SLC SUR
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.19 sq ft
Condition
Blt./Standing
MLS #
2166310
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
Subdivision
PLAT B SLC SUR
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.19 sq ft
Condition
Blt./Standing
MLS #
2166310
List Price
$1,900,000
Annual Taxes
$8,940
Home Warranty
No
List Price
$1,900,000
Annual Taxes
$8,940
Home Warranty
No
Heating
Electric
Roof
Rubber
Flooring
Tile
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric
Roof
Rubber
Flooring
Tile
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
9
Covered Spaces
0
Total Parking
9
Classification
Strong Cash FlowDeal Score
55/100
vs Similar Homes
5% below
vs Market Median
54% above
Area Growth (YoY)
-1.2%
Deal Score Breakdown
55/100
LT net cashflow +$162/mo (+1.3% return on ownership cost) · STR net cashflow -$6,835/mo (-53.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 5% below the median of similar listings
Priced 54% above the per-subtype city median
-1.2% year-over-year ZHVI growth in this area
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$14,748/mo
Range: $11,714 – $17,781
Net Monthly Cash Flow
+$162 /mo (+$1,945/yr)
Monthly rental income
Monthly ownership cost
Coverage
115%
Net /mo
+$162
DSCR
1.36
Est. Annual Revenue
$102,532/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$6,836 /mo (−$82,027/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$6,835
DSCR
0.63
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$585,000
+225% vs median
39 days
659
$175,000 – $7,995,000
$8,940
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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